Key Insights:
- XRP faces a key test at $1.90 after TD Buy Signal, with potential upside toward $2.50.
- Over $1B flows into XRP spot ETFs as 669M tokens are locked, reducing circulating supply.
- Rare bullish RSI divergence appears, hinting at possible reversal after recent price correction.
XRP is drawing attention after flashing a TD Sequential buy signal. XRP was trading at $1.95 as of time of writing, showing signs of strong interest and technical support.
Support Level at $1.90 in Focus
The $1.90 price level is becoming an important focus point for XRP traders. Crypto analyst Ali Charts stated, “TD buy signal on $XRP, but everything hinges on $1.90. Hold it, and $2.50 comes into play.” This indicates that while buying activity has been triggered, the next price move depends on whether support holds.
XRP has seen a pullback in the last 24 hours, with the price slipping by 2.04%. Its trading volume reached over $2.1 billion. The current market activity suggests buyers and sellers are closely balanced near this level. A break below $1.90 could signal weakness, while continued consolidation above may suggest buyers are gaining control.
Spot ETF Inflows and Token Lockups
Market participants are also paying attention to inflows into XRP spot exchange-traded funds. According to Kenny Nguyen, 19 days of spot xrp etfs inflow over $1B with over 669M XRP are now locked in vaults. These inflows are reducing available supply, as large amounts of XRP are removed from circulation and stored securely.
This trend may affect how XRP behaves in the coming days. As more tokens are locked, less supply is left on the open market. If demand remains strong, this dynamic could lead to tighter price action, especially near key levels like $1.90.
Technical Indicators Suggest Buyer Momentum
Furthermore, some traders are now pointing to technical patterns as a sign of possible price movement. STEPH IS CRYPTO noted a bullish RSI divergence on the daily chart stating that these bullish RSI divergences are extremely rare on XRP’s daily chart. Based on the chart analysis, the same pattern appeared during the 2022 bear market bottom, followed by a strong rally.
This divergence suggests that selling pressure may be easing, and buying activity could be increasing. If XRP maintains its support, it could attract more interest from traders watching for trend changes.
XRP has recently undergone a correction and is now moving within a tight range. BitGuru analyzed that XRP “shows a strong impulsive move followed by a healthy consolidation phase.” The current stabilization near support is being interpreted by some as absorption rather than panic selling.
| DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing. |
Source: https://coincu.com/analysis/td-buy-signal-sparks-xrp-momentum-to-2-50/
